Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Reduced by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,037 shares of the construction company’s stock after selling 800 shares during the period. Handelsbanken Fonder AB’s holdings in Simpson Manufacturing were worth $1,996,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC bought a new stake in Simpson Manufacturing in the fourth quarter valued at about $411,000. Truist Financial Corp grew its position in shares of Simpson Manufacturing by 3.3% in the 4th quarter. Truist Financial Corp now owns 17,394 shares of the construction company’s stock worth $2,885,000 after acquiring an additional 552 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after acquiring an additional 64 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Simpson Manufacturing by 71.3% in the 4th quarter. Congress Asset Management Co. now owns 3,485 shares of the construction company’s stock valued at $578,000 after acquiring an additional 1,450 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Simpson Manufacturing by 3.2% during the 4th quarter. Rhumbline Advisers now owns 114,984 shares of the construction company’s stock valued at $19,068,000 after acquiring an additional 3,589 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $171.10 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $167.28 and its two-hundred day moving average price is $178.00. Simpson Manufacturing Co., Inc. has a 52-week low of $155.73 and a 52-week high of $218.38. The stock has a market capitalization of $7.21 billion, a P/E ratio of 22.51 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.